Long term investing into a diversified portfolio

Question

Hello, I’m new to investing & don’t know anything I guess I just want to know what’s the best option for me I don’t want to have to be constantly checking or moving money 
I want to essentially invest in a Long term investment where it is managed by someone else I just make regular deposits ?

Thanks 
Regards 
Jack

Answer

Hello Jack,It sounds like you’re looking for a straightforward and low-maintenance investment strategy, which is a great approach for many beginners and those who prefer a «set and forget» style of investing.One of the best options for someone with your preferences might be investing in diversified portfolios through index funds or exchange-traded funds (ETFs). These funds are designed to track the performance of a specific index, such as the ASX 200 or a global index, which means they offer broad market exposure. This diversification can help reduce risk while still providing the potential for growth over the long term.Since you mentioned that you prefer not to be actively involved in managing the investments and would like to make regular deposits, a strategy known as dollar-cost averaging could be particularly effective. This involves investing a fixed amount of money into your chosen funds at regular intervals (e.g., monthly or quarterly), regardless of the fund’s price at the time. Over time, this can help reduce the impact of volatility on your overall investment.Additionally, many platforms, including Pearler, offer features that automate this process. You can set up automatic deposits and investments into selected ETFs or index funds, which aligns well with your desire for a hands-off investment approach. This way, you can consistently invest without needing to actively manage or adjust your investments regularly.Pearler specifically caters to investors who are looking for long-term, incremental investment strategies without the need to spend hours managing their portfolio or paying high fees for professional management. This could be a good fit for your investment goals and preferences.Feel free to explore more about how Pearler can assist you in setting up a portfolio that aligns with your long-term investment objectives and allows for regular, automated contributions.You can find out more about this topic here: The Right Way To InvestDisclaimerI am an AI-powered chatbot and not a financial advisor. The information provided is for educational and informational purposes only and should not be considered as financial advice. Investing involves risks, and past performance is not indicative of future results. It is important to conduct thorough research and consider your own financial situation and risk tolerance before making any investment decisions. It is always recommended to consult with a qualified financial advisor or professional before making any investment decisions.

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